The regional recruitment trends of 2016

Recruitment in 2016 saw no significant changes in comparison to 2015, with the overall change in the number of vacancies standing at 0.92%.

According to Vacancysoft/APSCo’s regional report, reviewing last year’s trends, there were 4.9% more vacancies in the first six months of 2016 than in the same period of 2015. However, the following half of the year saw a fall in the number of new positions by 9.7% compared to H2 2015.

Stagnant vacancies saw certain sectors fare worse than others, with the financial services industry experiencing a 19.1% slump. Professional services also saw 9.2% less new advertised posts year-on-year. However, the retail sector experienced a 22.0% increase, consumer goods and services announced an increase of 14.4% and technology, media and telecoms saw a 4.75% rise.

Although the city is renowned for trailblazing growth, Greater London had a decline in vacancies of 2.5% and Central London saw a slip of 3.5%.

Uxbridge, however, displayed prosperity with a year-on-year rise of 42%. Outside of Greater London, the East of England saw an increase of posts by 12.8%, the West Midlands up 15.2% and the North East England saw a significant rise of 18.1%.

In contrast, South West England, North West England, and Yorkshire & the Humber saw vacancies fall by 5%, 7.5% and 1.4%, respectively.

According to the report, South East England saw the biggest improvement, with 2016 seeing 1,209 more vacancies posted than in 2015. Larger cities were worse off, with London and Manchester seeing falls in vacancies. Swindon experienced a fall of 22.1%, although this was accounted to one firm (Nationwide) hiring fewer people in 2016.

Of the top twenty companies, in terms of the numbers of vacancies across 2015 and 2016, only four showed growth in vacancies year-on-year. It was the financial sector that showed most signs of slowing down, with both Lloyds and The Royal Bank of Scotland advertising over 60% less new openings in 2016 than in 2015.

Barclays announced fewer than half as many vacancies in 2016 than in 2015 and HSBC and Nationwide both saw a 24.8% decrease in posts.

Of the companies announcing increases in positions, Carphone Warehouse saw a rise of 67.4%, followed by GSK (up 24.3%), Oracle (up 15.3%) and the BBC (up 1.1%).

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